News & Events

The importance of agents in microinsurance cannot be overemphasized as they are the bedrock of every microinsurance institution worldwide.
As part of its initiatives to improve upon its Agency, Starmicro is undertaking rigorous training of its sales executives on a constant basis across the nation. These training sessions are being organized by the Agency Management Unit Head, Ms Gifty Paditey.
Starmicro seeks to build a very strong agency base in the nearest future. Individuals interested in joining the team should kindly call 0501328941 or 0263019143 for further details.

Star Micro-Insurance officials explaining the policies to the Fishers folks

Some of the fishers registering to take up the policy

Registering of some fishmongers onto the policy

The nationwide enrollment of the insurance scheme for fishers across the country is ongoing.

According to the Project manager, Mr. Jesse Justice Asante Fordjour and his team said, the insurance package is making more impact in the lives of our fishers; and the enrollment is estimated to cover about 70% by the end of November, 2016 in fishing communities in Central, Western, and those along the Volta Lake such as Yeji, Bupe, Yape and many more.

The Minister of Fisheries Hon. Sherry Ayittey as part of her visits to the fishing communities has been highlighting of the challenges that fishers go through in line of work and encourages all fishers to take the opportunity to insure themselves and their families.

The Ministry of Fisheries and Aquaculture Development in partnership with Star Microinsurance Services Limited have launched the Fishermen Life Insurance Scheme (FLIS) for fishermen across the country.

Star Microinsurance is a specialized Microinsurance intermediary for Star Life/Star Assurance Company Limited.

FLIS can be seen as a financial inclusion scheme intended for artisanal fishermen who seem to have been excluded from the formal financial services due to their income levels, levels of risk, nature of their business or level of financial literacy. The dangers associated with the activities of the fishermen (marine and inland fishing) require the need for affordable and accessible Microinsurance insurance solutions for them.

The Fishermen Life Insurance Scheme (FLIS) is an innovative insurance product that seeks to provide insurance cover on the life of the fishermen and their fishing gears. The first pilot phase is currently on going in the Greater Accra, Western and Central region in selected landing beaches such as; Half Assini, Axim, Elmina, Shama, Ankaful, Apam, James Town and Aplabanya.

The second pilot phase will cover Volta, Eastern, Brong Ahafo and Northern regions in selected landing beaches including; Woe and Adina, Dzemeni, Kpando, Abotoase, Nkwanta, Dambai, Bupe, Adawso, Akateng and Ekye Amanfrom. This project when completed will provide an insurance coverage for over 200,000 fishermen across the country.

Star Microinsurance Services Limited in partnership with the Ministry of Fisheries and Aquaculture Development on 1st December, 2015 launched the Fishermen Life Insurance Scheme (FLIS).

The product protects fishermen against perils of the sea. The policy covers natural or accidental death of fishermen as well as their fishing gears. At the launch, the minister of fisheries Hon. Sherry Ayittey highlighted some of the challenges that fishermen go through at sea and encouraged all fishermen to take the opportunity to insure themselves and their families. The product would be piloted within some selected fishing communities or landing beaches for three months starting from January 2016.

Star Microinsurance services ltd in appreciation of their Savings and Loans customer’s has organized a maiden Partners Breakfast meeting.

The meeting was Chaired by the Managing Director of StarLife Assurance, Mr. George Kojo Addison. In his speech, he acknowledged the microfinance for increasing the Microinsurance penetration in Ghana through their institution as delivery channels. The meeting was attended by institutions like Opportunity international Savings and loans, Global Access, UniCredit,Ezi,Advans,Pacific,1st National,BestPoint,Dwadifo Adanfo, Express Capital etc. Also in attendance was Mr. Branko Wehnert, Project Manager, Microinsurance at GIZ Ghana.

In a bid to strengthen the unique collaboration between Star Microinsurance and Ghana Post, there is an ongoing training for all staff of Ghana Post throughout the nation. The four zonal training has been brought together all post offices from Greater Accra, Volta and Eastern region, Western and Central Region as well as Ashanti, Brong Ahafo and the three Northern regions.

The training program served as a refresher sensitization program to strengthen the Abusua Nkyemfa collaboration between the two institutions. The Abusua Nkyemfa provides Family cover and health care benefits to clients and four other members of their family. It is a life cover which consists of the funeral benefit and hospitalization. The policy can be taken and premiums paid at the Post office.

Accra and the whole of the nation woke up to devastating news on the morning of June 4th, 2015 as a result of the havoc caused by the floods resulting in the loss of many lives and property. Star Microinsurance paid a courtesy call on some of the victims of the floods at the Odawna , Kaneshie and Nima markets.

They presented over a thousand bags of water to the victims as well as some souvenirs from the company. In event of this tragedy, the head of marketing at Star Microinsurance, Mr. Solomon Larbey stressed that it has become imperative that lives and property are insured to cushion individuals in event of such catastrophes in the future.

A GHS 31,144.84 claim was presented to twenty- two Traders who fell victim of the March 28th fire that gutted the Tudu Station market. The traders who were loan beneficiaries of Ad₵vans Ghana Savings Ltd had their loans paid off by insurance. All loans disbursed by Advans Ghana Savings and loans have insurance cover against Death, Permanent Disability, Hospitalization and Fire & Allied perils and this policy is administered by Star Microinsurance Services Limited.